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Wednesday, July 25, 2012

Cheat Sheet - Colorado Shooter: Insane or Just Plain Evil?

The Cheat Sheet

Today: Syrian Soldiers Head to Aleppo , Wall Street’s Irrational Negative Reaction to Apple’s Earnings Report , N.Y. Fed Silent on Barclays
Cheat Sheet: Morning

July 25, 2012
EVIDENCE

Defense attorneys for James Holmes, the man accused of killing 12 people in a packed movie theater, will likely present an insanity defense. But proving it won’t be easy, report Eliza Shapiro and Christine Pelisek. Plus, a Columbine survivor gives advice on how to heal.

UNDER SIEGE

Aleppo, Syria’s second-largest city, is the setting of intense fighting this week, as thousands of Syrian soldiers are being taken off their Turkey border posts to join the battle against rebels in Aleppo. President Bashar al-Assad’s forces have avoided a rebel takeover of Damascus by diverting the violence to Aleppo, the first time fighting has hit either major city since turmoil began to stir in the country more than a year ago. Military helicopters have been reportedly bombing some parts of Damascus, despite the government apparently retaking control of the capitol. The government is even deploying fighter jets over Aleppo, Syria’s commercial center, for the first time since antiregime violence began.

RELAX

Wall Street is acting as if Apple’s results—$8.8 billion earned on sales of $35 billion—are some kind of disaster. That’s because how well a company does is based not on real earnings, but solely on the Street’s expectations, writes Zachary Karabell.

TESTIMONY

Timothy Geithner will testify on Capitol Hill Wednesday in the case against British bank Barclays. The Treasury secretary alerted regulators to issues with London’s benchmark interest rate, known as LIBOR, four years ago. Yet Geithner, who at the time was head of the Federal Reserve Bank of New York, did not inform regulators that Barclays had admitted to his staffers that it’d been rigging LIBOR, and the Fed was largely uncooperative in the Commodity Futures Trading Commission and the Justice Department’s investigation into Barclays’ behavior. Geithner will face more questions regarding his reaction to Barclays’ behavior from House and Senate members this week.

WOMAN IN THE WORLD

Aung San Suu Kyi took to the floor of Burma’s Parliament Wednesday for the first time to speak out in support of new laws backed by the country’s ruling party that would offer more protection for ethnic minorities. Suu Kyi, a Nobel laureate, was sworn into Burma’s newly founded semi-civilian-run Parliament last year after spending nearly two decades under house arrest demanded by the country’s former repressive regime. Her speech today marks the significant change her country has undergone. Suu Kyi spoke on behalf of Burma’s ethnic minorities who have long suffered discrimination and underdevelopment, arguing that new legislation should be “based on equality, mutual respect, and confidence for the emergence of a genuine democratic union.”


DECADES OF CORRUPTION
Overhaul for New Orleans Police
Largest such agreement in DOJ history.
AFTERMATH
Gun Sales Up in Colo.
Since Aurora shooting.
POLICE SECRETS
Tapes Reveal NYPD’s Muslim Ops
Apartment superintendent discovers “safe house” in N.J.
HEAD START
Women's Soccer Starts Olympics Early
Two days before Opening Ceremony.
MOVIN ON UP
‘Jeffersons’ Star Sherman Hemsley Dies
The sitcom icon was 74.
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